Post
Topic
Board Bitcoin Discussion
Re: Why does China hate Bitcoin?
by
Suffoc8
on 03/02/2018, 12:33:22 UTC
This is pretty much the whole story right here...

Quote
" NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” "

Bitcoin is the mortal enemy of 'tracking'.  Therefore China is going to continue to assault Bitcoin from every angle.  You can be sure of that.
Bitcoin has a good impact to people and community yet there are some bad effects to it. So I think they are not hating it but rather they are just regulating the bitcoin in their country which if it abuse it can cause a harm to people.